“Self-custody is a fundamental human right,” Zhao tweeted, persuading people to use Trust Wallet to take complete control of their coins. Source
Binance CEO Zhao Pushes for Crypto Self-Custody; Trust Wallet Token Soars 80% to Record
Tag: CEO
FTX CEO Confirms Reports of ‘Unauthorized Access to Certain Assets,’ Team Is ‘Coordinating With Law Enforcement’ – Bitcoin News
Following the reports that said FTX wallets were being drained and the FTX Telegram channel’s admins that detailed its possible malware might be present in FTX-related apps and websites, the company’s new CEO John Ray confirmed there were “unauthorized transactions.” The news was shared by FTX US’s general counsel Ryne Miller and retweeted by FTX’s official Twitter account. Unauthorized Access to FTX Funds Confirmed On Saturday morning (ET) on Nov. 12, 2022, reports had shown that FTX wallets were being drained. The breach was confirmed after people started talking about…
FTX CEO John Ray Confirms Late-Night Hack, Says Company Is Working With Law Enforcement
Bankrupt crypto exchange FTX’s new CEO, John Ray, took to Twitter Saturday to confirm that the exchange and its U.S. subsidiary, FTX US, were hacked last night in an attack that drained hundreds of millions of dollars in crypto out of the exchanges’ wallets. Source
From Enron to FTX: Wall Street Turnaround Titan John Jay Ray III Takes Reins from FTX CEO Sam Bankman-Fried
CryptoX – Cryptocurrency Analysis and News Portal Sam Bankman-Fried handed over control of his company to the veteran Wall Street bankruptcy lawyer who will guide the company’s Chapter 11 process. Source The post From Enron to FTX: Wall Street Turnaround Titan John Jay Ray III Takes Reins from FTX CEO Sam Bankman-Fried appeared first on CryptoX. CryptoX Portal
Who is John Jay III, the New CEO of Bankrupt Crypto Exchange FTX?
“It appears that the crypto industry is having a bit of an ‘Enron’ moment,” said Kusz. “We believe that similar to post-Enron, individuals and institutions will move capital away from less regulated / less transparent exchanges and towards those which have built heavily compliant, regulated and transparent operations.” Source
Crypto.com CEO Shares Company’s Crypto Reserve Addresses in the Wake of FTX Bankruptcy – Bitcoin News
On Nov. 11, 2022, the CEO of Crypto.com Kris Marszalek shared the company’s proof-of-reserves addresses that hold leading crypto assets like bitcoin and ethereum. Marszalek says a “proof-of-reserves audit preparation is underway” and the wallet addresses shared are the company’s cold wallets. Crypto.com CEO Kris Marszalek Shares Company’s Cold Wallet Addresses, Promises Full Audit Soon On Nov. 8, 2022, amid the collapse of one of the top cryptocurrency exchanges worldwide, FTX International, Crypto.com CEO Kris Marszalek told his Twitter followers that it was a “sad day for the industry.” Marszalek…
Troubled Crypto Exchange FTX Files for Chapter 11 Bankruptcy Protection, CEO Steps Down – Bitcoin News
The embattled crypto exchange FTX has informed the public that the FTX parent firm West Realm Shires Services, Alameda Research, and approximately 130 additional affiliated companies have filed for Chapter 11 bankruptcy protection in Delaware. FTX’s Parent Company, Alameda Research, and 130 Associated Firms Voluntarily Commence Bankruptcy Proceedings After days of confusion and speculation, the firm FTX has announced it has filed for Chapter 11 bankruptcy in the U.S., according to a Twitter statement. The letter details that West Realm Shires Services (FTX International’s parent firm), Alameda Research, and approximately…
FTX Files for Bankruptcy Protection in US; CEO Bankman-Fried Resigns
A bankruptcy filing attributed to Alameda Research estimates the company has $10 billion to $50 billion in liabilities. Source
Crypto Market Maker B2C2's CEO Phillip Gillespie Departs
Phillip Gillespie, the group CEO of prominent crypto market maker B2C2 has left his role and has been replaced by Nicola White, who joined the firm from Citadel Securities in 2021. Source
It is High Time to Rethink Holding Strategies as FTX Crisis Roams, Says Blockchain.com CEO
Speaking on CNBC’s “Closing Bell” Thursday, Peter Smith deemed the collapse of crypto exchange FTX as “a tragedy and total failure of governance.” The CEO and co-founder of crypto exchange Blockchain.com noted that there is a need for crypto investors to go back to the drawing board and hold their assets on their own private keys. Smith explained: “Crypto is one of the very few assets in the world that you can custody yourself, and I think we’re going to see folks increasingly move back to that model as…